Property profile

40 Ferguson Ave Wood River, IL 62095

OFF-MARKET
Commercial real estate
Property ID
US28-2278205
2,572 SF 0.07 ac lot Built 1920
Individually Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 40 E Ferguson Avenue in Wood River, Illinois, presents a unique investment opportunity. The building, formerly home to Meyer Jewelry Studio and Kristen's Hair Studio, boasts a total of 2,572 square feet of usable space. A significant advantage is the inclusion of a 25 x 18 foot attached garage located at the rear of the building, providing additional storage or workspace. A full basement offers further potential for expansion or storage. The property's prime location is enhanced by its proximity to a city-owned access path, providing convenient access to a public parking lot. Recent upgrades include a new HVAC system and water heater (installed in 2017/2018) and a new roof (2020). The lot size is 3,049 square feet. The property is being sold "As-Is." This versatile space is perfect for a variety of commercial uses and represents a compelling opportunity for savvy investors seeking a well-maintained building in a desirable downtown location. The property is zoned for commercial use and is situated in Madison County, Illinois, zip code 62095.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 2,572 SF
Lot 0.07 ac (3,125 SF)
APN 19-2-08-28-08-205-021
UPID US28-2278205

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Local History Museum
  • Hair Salon Nail Salon
  • Hair Salon Nail Salon

Location

40 Ferguson Ave Wood River, IL 62095-1904
Wood River metro Census 401101 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2018
Last sale
$98,000
3 recorded transactions
2018
Price N/A
2014
$70,000
2012
$62,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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